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DSNews Sept 2015 - 'I Wouldn't Be Here Without...'

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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112 Iowa RANK: 28 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JUNE 2015 1.09% 1.32% 3.7 YEAR AGO 1.47% 1.46% 4.4 YEAR-OVER-YEAR CHANGE -26.1% -9.5% -0.7 Top County CHICKASAW COUNTY 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 1.51% 3.73% YEAR AGO 2.69% 2.38% YEAR-OVER-YEAR CHANGE -43.8% 57.2% Top Core-Based Statistical Area FORT MADISON-KEOKUK, IA-IL-MO 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 2.82% 3.93% YEAR AGO 2.90% 3.03% YEAR-OVER-YEAR CHANGE -2.9% 29.8% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Kansas RANK: 30 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JUNE 2015 1.58% 1.09% 4.5 YEAR AGO 1.98% 1.04% 4.5 YEAR-OVER-YEAR CHANGE -20.2% 5.1% 0 Top County LABETTE COUNTY 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 4.11% 4.62% YEAR AGO 3.68% 1.99% YEAR-OVER-YEAR CHANGE 11.6% 131.8% Top Core-Based Statistical Area PARSONS, KS 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 4.11% 4.62% YEAR AGO 3.68% 1.99% YEAR-OVER-YEAR CHANGE 11.6% 131.8% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS CaseMax and Affinity Consulting Announce Partnership Kansas-based default law firm case management software innovator CaseMax has announced an agreement with Affinity Consulting Group in order to provide consult- ing, design, and implementation services for its suite of software solutions. Affinity will work with both CaseMax's new and existing clients on process management, workflow design, data exchange, reporting capabilities, and the implementation of other CaseMax functionalities through this new partnership, according to CaseMax. Affin- ity consultants are experts in the areas of legal process, case management, and technology, and they have worked directly in the mortgage banking industry and are able to leverage de- cades of experience in recommending strategic solutions for law firms of all sizes. Affinity's experts are well-positioned to help CaseMax clients become more efficient and profitable. "Affinity's team of mortgage banking profes- sionals brings their expertise, commitment, and experience to our clients," said Mike Zevitz, EVP of business development. "We are delighted to partner with such long-time supporters of the needs of the default loan services industry. Having implemented case management software solutions for hundreds of firms over the last 20 years, we are extremely confident that Affinity will complement the needs of existing and new clients." Both Affinity and CaseMax have culti- vated an outstanding relationship over the years and are known for providing excellent customer service to their clients, making them valuable business partners. According to the announcement, both companies believe that the partnership will provide clients with knowledge and solutions they need to bring their firms into the 21st century. "Together with CaseMax, Affinity can now provide another solution to our mortgage banking clients," said Debbie Foster, manag- ing partner. "CaseMax challenges the industry norms with progressive pricing models in a subscription-based approach that will be a great fit for our clients." IN THE NEWS WaterfallCalc. com Upgrades Loss Mitigation Software WaterfallCalc.com, an affordable, user- friendly loss mitigation waterfall calculator de- signed to meet the needs of all FHA mortgage servicers, has released Version 2.0 of its popular software, according to an announcement from the Grand Rapids, Michigan-based company. e software update includes a streamlined look, providing more dashboard information at a glance. Enhancements made to Version 2.0 include upgraded authentication security through Microsoft Live, data import/export capabilities, advanced management reporting capabilities, and easy-to-read charts for quick snapshot summaries. Version 2.0 also includes regulatory updates to ensure compliance with FHA rules and Mortgagee Letter releases. "We are grateful to our long-time, well- established partners for providing feedback on this software that they use on a daily basis, Michigan RANK: 46 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JUNE 2015 1.45% 0.55% 5.5 YEAR AGO 1.99% 0.87% 7.1 YEAR-OVER-YEAR CHANGE -27.1% -36.4% -1.6 Top County TUSCOLA COUNTY 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 2.41% 1.31% YEAR AGO 3.28% 1.76% YEAR-OVER-YEAR CHANGE -26.6% -25.6% Top Core-Based Statistical Area MOUNT PLEASANT, MI 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 1.80% 1.25% YEAR AGO 3.63% 1.54% YEAR-OVER-YEAR CHANGE -50.4% -19.2% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. The foreclosure inventory rate in Kansas for June 2015 was 0.8 percent. The national average for the month was 1.3 percent, according to CoreLogic. KNOW THIS

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